
Breaking News Live Updates: Trump to hike tariffs on countries missing Friday trade deal deadline
Breaking News Live Updates: President Trump will sign new executive orders on Thursday, hiking tariffs on dozens of countries that failed to meet a Friday deadline for new trade deals. Key US partners including Canada, Mexico, Taiwan and India are bracing for penalties as high as 50 percent. Breaking News Live Updates: President Donald Trump is set to authorise a wave of new tariffs on countries that have not secured fresh trade deals with the United States. The orders, due to be signed on Thursday, will impose steep penalties from Friday, targeting nations that failed to meet Trump's self-imposed deadline.A White House official confirmed the president has finalised tariff rates for most major trade partners. Countries still in limbo include Canada, Mexico, Taiwan and India.
No more delays, says Trump This time, there's no wiggle room. The White House is adamant: the August 1 deadline is final."THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!" Trump posted on Truth Social, his own platform.This isn't the first deadline he has set. Tariffs were originally introduced in April, then paused for 90 days. Trump extended the grace period again in July. Now, according to the administration, there won't be a third. Show more A trade agreement reached between Pakistan and the U.S. will result in reduced tariffs on Pakistani goods imported by the U.S., Pakistan's government said in a statement on Wednesday.
Encounter specialist Daya Nayak was promoted to the post of Assistant Commissioner of Police on July 29, two days before retirement. He had been serving as a police inspector in charge of Crime Branch 9. Daya Nayak will retire from the police service today, on July 31.
On the eleventh day of the Monsoon Session of Parliament, the Rajya Sabha is set to take up significant legislative and procedural business, including a statutory resolution seeking the extension of President's Rule in Manipur and the consideration of the Carriage of Goods by Sea Bill, 2025.Union Home Minister Amit Shah will move a resolution for approval of the continuance in force of the Proclamation dated February 13, 2025, in respect of Manipur, issued under Article 356 of the Constitution by the President, for a further period of six months with effect from August 13, 2025, according to the List of Business issued by the Rajya Sabha.Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal will move the Carriage of Goods by Sea Bill, 2025, for consideration and passage in the Upper House. The Bill, which has already been passed by the Lok Sabha, seeks to provide for the responsibilities, liabilities, rights and immunities of carriers in relation to the carriage of goods by sea, and for matters connected therewith.Minister of State Dr L Murugan is scheduled to move a motion for the election of ten Rajya Sabha members to the Committee on the Welfare of Other Backward Classes (OBCs) in the house today. When asked about US President Donald Trump's criticism of India relying on Russia in terms of energy, Former United States Assistant Secretary of Commerce for Trade Development, Ray Vickery says, "The shift came when Russia invaded Ukraine and in order to provide the wherewithal to continue this sort of imperialistic venture, it cut prices to India and others, particularly to China, in order to keep the revenue flowing. However, India can explore alternative sources of oil, and I believe it is essential for India to re-evaluate its leadership position as a great democracy... It is up to India to decide in the longer run what's in its interest to be a world leader" Wimbledon champion Iga Swiatek easily advanced to the third round of the National Bank Open, beating Guo Hanyu of China 6-3, 6-1 on Wednesday.Playing for the first time since routing Amanda Anisimova 6-0, 6-0 in the Wimbledon final for her sixth major, Swiatek raced to a 4-0 lead to push her games winning streak to 24.'I think I played a really solid match today,' Swiatek said. 'Playing the first match on hard court after a pretty long break from the surface is always tricky, so I'm happy that I just focused on myself, adjusted to the conditions and played well.'On Friday, the second-seeded Polish star will face Eva Lys of Germany, a 6-3, 6-4 winner over Anastasia Pavlyuchenkova of Russia in a night match. China's non-manufacturing activity expanded at a slower pace in July, an official survey showed on Thursday.The non-manufacturing purchasing managers' index (PMI), which includes services and construction, dropped to 50.1 from 50.5 in June, according to the National Bureau of Statistics (NBS). The reading marked the lowest since November.The NBS composite PMI of manufacturing and non-manufacturing was 50.2 in July, down from 50.7 in June. President Donald Trump is set to authorise a wave of new tariffs on countries that have not secured fresh trade deals with the United States. The orders, due to be signed on Thursday, will impose steep penalties from Friday, targeting nations that failed to meet Trump's self-imposed deadline.A White House official confirmed the president has finalised tariff rates for most major trade partners. Countries still in limbo include Canada, Mexico, Taiwan and India.
No more delays, says Trump This time, there's no wiggle room. The White House is adamant: the August 1 deadline is final."THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!" Trump posted on Truth Social, his own platform.This isn't the first deadline he has set. Tariffs were originally introduced in April, then paused for 90 days. Trump extended the grace period again in July. Now, according to the administration, there won't be a third.
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Indian markets dip marginally this week amid tariff concerns
Mumbai: The Indian benchmark index Sensex plunged over 600 points this week, while the Nifty fell to a two-month low, closing below the 24,600 mark amid widespread selling across sectors. Market sentiment was weighed down by concerns over the newly imposed 25 per cent US tariff on Indian exports, persistent FII selling, and weakness in global markets, analysts said on Saturday. "The market oscillated between cautious optimism and defensive positioning, ultimately ending lower due to a persistent FII outflow. With global headwinds, investors showed a preference for domestically driven stories with non-discretionary appeal, as broader sentiment turned selective. FMCG stocks stood out, benefiting from attractive valuations and insulation from external shocks," said Vinod Nair, Head of Research, Geojit Investments Limited. FMCG stocks rallied sharply after companies like HUL, Dabur India, and Emami reported strong Q1 results, pushing the Nifty FMCG Index up nearly 1 per cent. Key sectors such as auto, metal, IT, and pharma declined 2–3 per cent amid concerns over the U.S. trade action. Analysts said that the US tariffs will not have a direct bearing on Indian markets, given that major exports are of traditional items such as gems & jewellery, leather and textiles that do not have large representation in the listed space. They feel the bulk of the tariff concerns may already be priced in, and a steep fall is highly unlikely. The Nifty index formed a bearish candle on the daily and weekly timeframes and has been making lower lows for the past four weeks. If it remains below 24600 zones, weakness could be seen towards 24,442 and 24,250 zones, with hurdles shifting lower to 24800 and 24950 zones, according to analysts at Motilal Oswal. During the week shares of tech major Tata Consultancy Services (TCS) slipped 5 per cent, following the company's announcement to lay off around 12,200 employees in FY26. Asian, European, and US index futures dropped around 1 per cent after President Trump signed an executive order introducing 'reciprocal' tariffs on multiple countries, with rates ranging from 10 per cent to 41 per cent, set to take effect in seven days. The move has sparked fears of rising inflation and slowing global growth. Amid such widespread concerns of global slowdown, the International Monetary Fund's July update to its World Economic Outlook raised the global growth forecast for 2025 to 3 percent, which is a 0.2 percentage point increase from its April projection.


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15 minutes ago
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Trump Urges India to Halt Russian Oil Purchases, India Stands Firm on Energy Sovereignty
Trump Urges India to Halt Russian Oil Purchases, India Stands Firm on Energy Sovereignty | News18 Last Updated: India Videos | US President Donald Trump on Saturday said that India has reportedly halted the purchase of Russian oil and called it a 'good step" if it turns out to be true. Mobile App -


Indian Express
15 minutes ago
- Indian Express
Vice-President election : A must-know for UPSC aspirants
Take a look at the essential concepts, terms, quotes, or phenomena every day and brush up your knowledge. Here's your knowledge nugget on the Vice-Presidential election. (Relevance: UPSC has asked questions in Prelims and Mains on the office of the Vice-President. In 2022, in General Studies II, a question was asked on the role of the Vice-President (VP) as the chairman of the Rajya Sabha. Since the VP election is scheduled next month after Jagdeep Dhankhar's resignation, this topic becomes very important for your Prelims and Mains examination.) The election for the post of Vice President will be held on September 9, as announced by the Election Commission (EC) on Friday (1st August). The post fell vacant with the sudden resignation of Jagdeep Dhankhar on July 21. As per the schedule announced by the EC, the notification would be issued on August 7, starting the period for filing nominations. The last date for filing nominations is August 21. The polling and counting would be held on September 9. 1. Jagdeep Dhankhar assumed office as the 14th Vice President in August 2022. He is only the third Vice-President in India's history to resign before completing his term, after V.V. Giri and R. Venkataraman —both of whom stepped down to contest presidential elections and were succeeded by Gopal Swarup Pathak and Shankar Dayal Sharma, respectively. 2. The office of the Vice-President is a unique feature of India, which follows a parliamentary system, and has no exact parallel in other democratic countries, including the Commonwealth. 3. The second-highest constitutional authority after the President, the Vice-President draws his or her powers from Article 63 of the Constitution, which states that 'there shall be a Vice-President of India'. 4. Article 64 goes on to confer upon the post the power to be 'ex-officio Chairman of the Council of States (the Rajya Sabha)'. In effect, the Vice-President discharges duties of both the Vice-President and Rajya Sabha chairperson. 5. Under Article 64 (2), the Vice-President also discharges presidential functions when the President is unable to do so 'owing to absence, illness or any other cause'. In this case, the Vice-President will 'have all the powers and immunities of the President and be entitled to… (the) emoluments, allowances and privileges'. 6. As per Article 65, the Vice-President can act as the President, 'in the event of the occurrence of any vacancy in the office of the President by reason of his death, resignation, or removal,' or 'until the date on which a new President…enters upon his office.' 7. There is no direct provision in the Constitution on who performs the duties of the Vice-President if the office falls vacant before the expiry of his/her term or when the Vice-President is discharging the duties of the President. 8. However, the Constitution does have a provision on what happens if the chairperson of the Council of States falls vacant: the Deputy Chairman or any other member of the Rajya Sabha authorised by the President can perform the chairperson's duties. 1. Any citizen of India who is at least 35 years of age and a registered voter in a state or Union Territory can be a candidate for the post. At least 20 MPs need to propose the nomination and 20 other MPs need to second it. As per Article 66 (2), the Vice-President cannot be a member of either House of Parliament or of the Legislature of any state. 2. Article 67 says that the Vice-President will hold office for a term of five years from 'the date on which he enters upon his office'. However, according to the same provision, the Vice-President can continue to hold power 'notwithstanding the expiration of his term' until his 'successor enters upon his office'. 3. The Vice-President may leave mid-term by submitting a resignation letter to the President, and can also be removed from office by a resolution in the Rajya Sabha, passed by a majority of its members at that time and agreed by the House of the People (Lok Sabha). 4. The electoral college for the election scheduled on September 9 will comprise 782 members of Parliament – 233 elected members of Rajya Sabha (five seats are currently vacant), 12 nominated members of Rajya Sabha, and 542 elected members of the Lok Sabha (one seat is vacant), the EC said. The electoral college doesn't include members from state legislatures. 5. Voting is held by secret ballot, using the system of proportional representation with a single transferable vote. Each MP casts a vote by ranking candidates in order of preference. All votes carry equal value as there is no weightage system (followed in the President election). 6. To be declared elected, a candidate must reach a required minimum number of votes — called the quota. This is calculated by dividing the total number of valid votes by two and adding one (fractions, if any, are ignored). 7. If no candidate crosses the quota in the first round, the one with the fewest first-preference votes is eliminated, and their votes are transferred to the remaining candidates based on second preferences. The process continues until one candidate crosses the quota. S Radhakrishnan, the first Vice-President, served two terms in office, 1952-62. He was subsequently elected as the President in 1962. Other Vice-Presidents who went on to become presidents were Zakir Hussain (1967-69), V V Giri (69-74), R Venkataraman (87-92), Shankar Dayal Sharma (92-97) and K R Narayanan (97-2002). 1. The President is elected by an electoral college consisting of MPs of both Houses of Parliament and MLAs of the states and Delhi and Puducherry. Nominated members of Rajya Sabha, Lok Sabha, and the Assemblies, and members of state Legislative Councils, are not part of the electoral college. 2. The votes are weighted, their value determined by the population of each state as per the Census 1971. The value of each MLA's vote varies from a high of 208 in Uttar Pradesh to a low of 7 in Sikkim. This means that UP's 403 MLAs contribute 208 × 403 = 83,824 votes to the electoral pool, while Sikkim's 32 MLAs contribute 32 × 7 = 224 votes. The weighted votes from all the Assemblies add up to 5.43 lakh. 3. The process demands that the 776 MPs (543 in Lok Sabha, 233 in Rajya Sabha) should contribute the same total of votes as the MLAs. Thus, the value of each MP's vote is 5.43 lakh divided by 776, rounded off to 700. The combined electoral pool from the Assemblies and Parliament adds up to 10.86 lakh. (1) Consider the following statements: (UPSC CSE 2013) 1. The Chairman and the Deputy Chairman of the Rajya Sabha are not members of that House. 2. While the nominated members of the two Houses of the Parliament have no voting right in the presidential election, they have the right to vote in the election of the Vice President. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 (2) Who among the following have held the office of the Vice President of India? (UPSC CSE 2008) 1. Mohammad Hidayatullah 2. Fakhruddin Ali Ahmed 3. Neelam Sanjiva 4. Shankar Dayal Sharma Select the correct answer using the code given below:- (a) 1,2,3 and 4 (b) 1 and 4 only (c) 2 and 3 only (d) 3 and 4 only (Source: EC sets September 9 as date for Vice Presidential poll after Dhankhar's surprise exit, Vice-President: The post, the provisions, and the past, UPSC Issue at a Glance | Office of Vice-President of India, Explained: What happens when the Vice-President resigns mid-term, Explained: How the President of India is elected) Subscribe to our UPSC newsletter. Stay updated with the latest UPSC articles by joining our Telegram channel – IndianExpress UPSC Hub, and follow us on Instagram and X. 🚨 Click Here to read the UPSC Essentials magazine for July 2025. Share your views and suggestions in the comment box or at